FAQ
What is a payday cash advance loan?
How do I qualify?
How long does it take to get my loan?
Is it safe and secure?
Can
I get referral bonus if I refer someone?
What are the disadvantages of Payday loans?
Do you offer discounts?
What does APR mean?
Is there an application fee?
How long does the
application process take?
How often can I use
payday loan services?
When is my due date?
What is a payday loan?
A payday cash advance loan otherwise known as a payday loan, cash loan, cash advance, payday cash advance or a paycheck advance, is a short
term personal loan that is usually paid within one pay period.
A payday loan is one of the quickest and easiest ways to get cash in between paydays. Once approved, your funds will be deposited into your checking/saving account
within one business
day.
How do I qualify?
Payday cash advance loans are quicker and easier to qualify for than traditional loans.
To quality, you must have full time employment with a minimum salary of $1400 (after tax) per month. In addition, you must be paid with direct deposit
Minimum of 18 years of age
Must be
a US citizen
Have a valid checking/saving account
How long does it take to get my loan?
You will get an instant approval once you have completed and submitted the online payday loan application
form. Upon full approval, your money will be directly deposited into your checking account within 1 business day.
Is my personal and financial information submitted over payday-cash-advances-loan.com secure?
Yes, our website uses variety of security
measures to maintain the security of our customer’s personal and financial information.
Will I get referral bonus if I refer someone to payday-cash-advances-loan.com?
Yes, you will receive a $20 referral fee if the person you
refer is approved for a loan and mentions your name to us during his or her application process
What are the disadvantages of Payday loans?
Compare to the traditional loan, payday loans may have a high interest APR. The repayment
terms are usually short and borrowers need to pay off the loan by the time they get their next paycheck. However, if borrowers are not able to repay the loan at
the end of the loan’s term, they will be charged additional late fees on the outstanding loan balance.
Will I get discounts on payday loans?
Yes, we do provide discount rates only if you are a return customer with a good repayment history.
What does APR mean?
APR shorts for Annual Percentage Rate. It is one of the most popular ways to compare the costs of a loan. APR
allows you to estimate the cost of a loan in terms of percentage. The lowest APR you obtained for your loan, the less interest you need to pay. For example,
if you loan has a 8% APR rate, that means you need to pay $8 for every $100 you borrow.
Is there any application fee for using payday-cash-advances-loan.com?
There absolutely no application fee, processing fee, or hidden
fees.
How long does the application process take?
First of all, you have to fill out our online payday loan application. It is a one page
simple online application form and takes you less than 5 minutes to complete. It takes less than 10 minutes to complete and send you a notification upon receiving
your online application.
How often can I use payday loan services?
There is no limit on the number of times you can use a payday loan. However we do recommend
people to use payday loan ONLY when they really need it. Payday loan is only for short term financial needs.
When do I need to repay the loan?
Most of the payday loan company offer 14 – 30 days repayment terms. In most cases, your next
payday is usually your repayment due day.